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Metro 1 to merge with Travis CU
VACAVILLE, Calif. (12/13/10)--Travis CU in Vacaville, Calif., announced a merger with Metro 1 CU in Antioch, Calif., which is targeted for completion by late spring. The proposal to merge the two credit unions, which was agreed to by the National Credit Union Administration on Nov. 3, adds more than 19,000 members and $177 million dollars in assets to Travis CU. “We look forward to serving the financial needs of our new members at Metro 1, while expanding our own branch network to include more locations,” said Patsy Van Ouwerkerk, president/CEO of the $1.6 billion-asset Travis CU. “The merger of these two credit unions provides additional strength and security for all members.” Once the merger is complete, Travis CU will provide Metro 1 members access to more branches, expanded e-services, higher dividend rates on savings accounts, fewer and lower fees, and products and services previously unavailable to them, Travis CU said. The combined branches will have extended hours. Although the conversion of member records and systems will not occur until late spring, the two credit unions will combine their financial statements as of Dec. 31. At that time, Metro 1 employees will become employees of Travis CU, with most of them remaining in the branches to serve their members until the merger is complete.


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